The Millionaire Real Estate Agent by Gary Keller

Page 128

It is our hope that the Four Fundamental Business Models of the Millionaire Real Estate Agent might serve you as the theories in Security Analysis have served Buffett. Start with them as they are. As you implement them and understand them more profoundly, you’ll find the occasional need to experiment to see what works best for you in your market. Ultimately, everyone will end up with their own personalized versions of the models, which, while faithful to the underlying principles, will reflect your style and your market. Just remember to base your efforts on a solid proven model rather than on unproven, ungrounded creativity.

THE FOUR FUNDAMENTAL MODELS OF REAL ESTATE SALES SUCCESS From all our experience and research, four key models stand out as foundations for a highly successful real estate sales business. Following these models should put you on the surest and quickest path to great real estate sales achievement. Our discussion of these four models will be divided into the two sides illustrated in the figures we saw earlier. First, as an overview, we will briefly explore the key areas of each model. Then we will analyze in much greater detail the key issues and numbers of each model as they specifically relate to the goals of the Millionaire Real Estate Agent. We’ll walk the surface of the models to get familiar with them and then dive deep to reach the understanding you’ll need to apply these models at a high level. To be highly successful in your real estate sales career it is important that you understand that you need not only to think like a businessperson— you need to become one as well. You must take on the actions of a successful business in order to have one. Models are about action. These four models represent the four major arenas in which you must take effective action to build your real estate sales career to its highest level of success.

128

The Millionaire Real Estate Agent


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3. Train and Consult

11min
pages 164-171

Model Four: Your Organizational Model

1min
page 158

The Three Key Areas of Your Budget Model

7min
pages 153-157

Model Three: Your Budget Model

1min
page 152

Model Two: Your Lead Generation Model

4min
pages 133-135

The Three Key Areas of Your Economic Model

4min
pages 130-132

Earn a Million—Stage 2

10min
pages 119-127

Model One: Your Economic Model

1min
page 129

The Four Fundamental Models of Real Estate Sales Success

1min
page 128

The Eight Goal Categories of the Millionaire Real Estate Agent

15min
pages 107-118

Listings—The High-Leverage, Maximum-Earning Opportunity

3min
pages 101-102

Leverage—The Who, How, and What of Real Estate

6min
pages 103-106

Leads—Lead Generation vs Lead Receiving

3min
pages 99-100

3.Think Possibilities

26min
pages 81-96

The Three L’s of the Millionaire Real Estate Agent

2min
pages 97-98

The Nine Ways a Millionaire Real Estate Agent Thinks

15min
pages 71-80

Think a Million—Stage 1

6min
pages 67-70

Myth Six: “Having a goal, and not fully realizing it is a negative thing

5min
pages 61-66

Myth Five: “My clients will only work with me— only I can deliver quality service

3min
pages 59-60

Myth Three: “It would take too much time and effort— I would lose my freedom

2min
pages 55-56

Myth Four: “It’s too risky. I’ll lose money

3min
pages 57-58

Introduction

6min
pages 25-30

SixMythUnderstandings Between You and High Achievement

2min
pages 47-48

Preface

6min
pages 21-24

Part One: Charting the Course

20min
pages 31-46

Myth Two: “It can’t be done in my market

3min
pages 53-54
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